Bestinvest outlines plan to double restricted advice team

The historically non-advised firm, which branched into advised services with the acquisition of HW Financial Services in 2010, currently employs 23 financial planners, but wants to expand a number of teams operating in its existing offices outside of London. The introduction of new rules governing the delivery of financial advice following the Retail Distribution Review (RDR) has led to the exit of a number of banks from the market, including the Co-op and Barclays. Richard Dawes, joint managing director of wealth management at Bestinvest, said this creates "real opportunity" for grow...